1. Summary Information
|
|
|
Country |
|
|
Company Name |
BILL FORGE PRIVATE LIMITED |
Principal Name 1 |
Mr. Anil Haridass |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sunil Haridass |
|
|
|
Registration # |
08-005086 |
|
Street Address |
No. 9-C, |
||
|
Established Date |
23.12.1982 |
SIC Code |
-- |
|
Telephone# |
91-80-27832325 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-27832127 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Retainers |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Steering Races |
|
Paid up capital |
Rs.
10,736,780/- |
Product Name 3 |
Hubs |
|
Shareholders |
Bodies corporate - 1.00% Directors or
relatives of Directors - 83.00% Other top fifty shareholders -
16.00% |
Banking |
State
Bank of |
|
Public Limited Corp. |
No |
Business Period |
32 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associate |
India |
Madras
Radiators And Pressings Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,097,577,000 |
Current Liabilities |
633,093,000 |
|
Inventories |
828,029,000 |
Long-term Liabilities |
1,625,543,000
|
|
Fixed Assets |
1,565,689,000 |
Other Liabilities |
153,443,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
2,412,079,000 |
|
Invest& other Assets |
7,588,000 |
Retained Earnings |
1,076,067,000 |
|
|
|
Net Worth |
1,086,804,000 |
|
Total Assets |
3,498,883,000 |
Total Liab. & Equity |
3,498,883,000 |
|
Total Assets (Previous Year) |
3,450,184,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
3,639,989,000 |
Net Profit |
187,102,000 |
|
Sales(Previous yr) |
3,562,203,000 |
Net Profit(Prev.yr) |
182,837,000 |
MIRA
INFORM REPORT
|
Report Date : |
24.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
BILL FORGE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 9-C, Hosur Road, Bommasandra-Industrial Area, Bangalore – 562158,
Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.12.1982 |
|
|
|
|
Com. Reg. No.: |
08-005086 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.737 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51392KA1982PTC005086 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRB03712C BLRB00784A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB8620J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Retainers, Steering Races, Hubs, Pinions, Gear Blanks, Shaft, for Two and Four Wheeler Vehicles. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4350000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is decent. However, trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered normal for business dealing at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan: “BBB+” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
October, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based limits: “A2” |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
October, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Virendra Verma |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-80-27826991 |
|
Date : |
20.02.2014 |
LOCATIONS
|
Registered Office/Factory 1 : |
Unit No. 9-C, Hosur Road, Bommasandra-Industrial Area, Bangalore -
562158, Karnataka, India |
|
Tel. No.: |
91-80-27832325 |
|
Fax No.: |
91-80-27832127 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2.5 Acres |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
98-L, Kiadb Industrial Area, Phase II, Jigani, Bangalore - 562106,
Karnataka, India |
|
Tel. No.: |
91-80-27826993/ 27826991 |
|
Fax No.: |
91-80-27826943 |
|
Area : |
2.9 Acres |
|
Location : |
Owned |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Anil Haridass |
|
Designation : |
Managing Director |
|
Address : |
Vishranti Farm, Doddakalasandra, Kanakapura Main Road, Bangalore -
560062, Karnataka, India |
|
Date of Birth/Age : |
02.04.1958 |
|
Date of Appointment : |
23.12.1982 |
|
DIN No.: |
00266080 |
|
|
|
|
Name : |
Mr. Sunil Haridass |
|
Designation : |
Director |
|
Address : |
205, Tea Estate Compound, Race Course, Coimbatore - 641018, Tamilnadu,
India |
|
Date of Birth/Age : |
06.06.1952 |
|
Date of Appointment : |
01.04.2000 |
|
DIN No.: |
00266235 |
|
|
|
|
Name : |
Mr. Ravindra Krishnaswamy Iyengar |
|
Designation : |
Director |
|
Address : |
104, 3rd Main Road, II Avenue Teachers Colony, Koramangala,
Bangalore - 560034, Karnataka, India |
|
Date of Birth/Age : |
02.07.1961 |
|
Date of Appointment : |
14.11.2005 |
|
DIN No.: |
00267069 |
|
|
|
|
Name : |
Mr. Hari Krishnan |
|
Designation : |
Director |
|
Address : |
1101, Mantri Elite, Bannerghatta Road, Bangalore - 560076, Karnataka,
India |
|
Date of Birth/Age : |
06.09.1966 |
|
Date of Appointment : |
30.05.2007 |
|
DIN No.: |
01566551 |
KEY EXECUTIVES
|
Name : |
Mr. Virendra Verma |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
As on 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
1.00 |
|
Directors or relatives of Directors |
83.00 |
|
Other top fifty shareholders |
16.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Retainers, Steering Races, Hubs, Pinions, Gear Blanks, Shaft, for Two and Four Wheeler Vehicles. |
GENERAL INFORMATION
|
Customers : |
· Bajaj Ashok Leyland AAM BorgWar Endurance Escorts Ford Hero Mahindra Rane Suzuki TVS Piaggio Honda |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Corporation Bank, Industrial Finance Branch, Rallaram Building No.30, Mission Road, Bangalore - 560027, Karnataka, India State Bank of India, Specialised Commercial Branch, Krishi
Bhavan, Hudson Circle, Bangalore - 560001, Karnataka, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
· Bajaj Finance Limited, Mumbai Pune Road, Akurdi, Pune - 411035, Maharashtra, India Hero Honda Finlease Limited, 34, Community Centre, Basant
Lok, Vasant Lok, Vasan Vihar, New Delhi - 110057, India |
|
|
|
|
Auditors : |
|
|
Name : |
Abraham, Mathews and Master Chartered Accountants |
|
Address : |
11/1, |
|
Income-tax
PAN of auditor or auditor's firm : |
ABVPN0614N |
|
|
|
|
Associates : |
· Madras Radiators And Pressings Limited CIN No.:U28123TZ1968PLC000592 Manju Electrical Industries Limited CIN No.:U31200TZ1971PLC000636 ACM Castings Limited CIN No.:U27310TZ1978PLC000803 Deccan Radiators And Pressings Private Limited CIN No.:U28123TZ1978PTC000822 Uni Drivelines Private Limited CIN No.:U29120TZ1992PTC003749 Universal Brakes Private Limited CIN No.:U34300TZ1972PTC000642 Suraj Precision Engineering Works Private Limited CIN No.:U28910TN2004PTC054031 Petrol and Oil Suppliers |
|
|
|
|
Other Related
Party: |
· Bill Forge Employees Stock Option Plan Trust Universal Heat Exchangers |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,073,678 |
Equity Shares |
Rs.10/- each |
Rs. 10.737 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
10.737 |
10.737 |
|
(b) Reserves & Surplus |
|
1,076.067 |
914.088 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1,086.804 |
924.825 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
774.738 |
868.859 |
|
(b) Deferred tax liabilities (Net) |
|
119.627 |
119.999 |
|
(c) Other long term liabilities |
|
6.326 |
7.622 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
900.691 |
996.480 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
850.805 |
842.767 |
|
(b) Trade payables |
|
279.070 |
367.300 |
|
(c) Other current
liabilities |
|
347.697 |
298.161 |
|
(d) Short-term provisions |
|
33.816 |
20.651 |
|
Total Current Liabilities (4) |
|
1,511.388 |
1,528.879 |
|
|
|
|
|
|
TOTAL |
|
3,498.883 |
3,450.184 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1,543.174 |
1,567.155 |
|
(ii) Intangible Assets |
|
22.515 |
15.362 |
|
(iii) Capital
work-in-progress |
|
7.537 |
94.177 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.051 |
0.051 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
176.424 |
48.574 |
|
(e) Other Non-current assets |
|
0.809 |
3.163 |
|
Total Non-Current Assets |
|
1,750.510 |
1,728.482 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
828.029 |
778.888 |
|
(c) Trade receivables |
|
803.588 |
781.598 |
|
(d) Cash and cash
equivalents |
|
36.807 |
91.849 |
|
(e) Short-term loans and
advances |
|
79.949 |
69.367 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
1,748.373 |
1,721.702 |
|
|
|
|
|
|
TOTAL |
|
3,498.883 |
3,450.184 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.692 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
743.728 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
754.420 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1755.348 |
|
|
2] Unsecured Loans |
|
|
0.547 |
|
|
TOTAL BORROWING |
|
|
1755.895 |
|
|
DEFERRED TAX LIABILITIES |
|
|
102.771 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2613.086 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1419.461 |
|
|
Capital work-in-progress |
|
|
138.137 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.051 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
644.104
|
|
|
Sundry Debtors |
|
|
657.989
|
|
|
Cash & Bank Balances |
|
|
31.163
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
163.146
|
|
Total
Current Assets |
|
|
1496.402
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
293.120
|
|
|
Other Current Liabilities |
|
|
147.845
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
440.965
|
|
|
Net Current Assets |
|
|
1055.437
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2613.086 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3639.989 |
3562.203 |
2782.520 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
474.244 |
416.190 |
287.778 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
212.119 |
189.937 |
156.857 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
262.125 |
226.253 |
130.921 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
75.023 |
43.416 |
41.911 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
187.102 |
182.837 |
89.010 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
429.479 |
277.620 |
211.035 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
20.000 |
18.500 |
10.000 |
|
|
|
Proposed Dividends (Incl. Dividend Tax) |
25.123 |
12.478 |
12.425 |
|
|
BALANCE CARRIED
TO THE B/S |
571.458 |
429.479 |
277.620 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
524.078 |
569.308 |
350.695 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
174.26 |
170.29 |
83.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.20
|
6.35 |
4.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.51
|
6.74 |
4.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.24 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.50
|
1.85 |
2.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
1.13 |
3.39 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
10.737 |
10.737 |
|
Reserves & Surplus |
914.088 |
1,076.07 |
|
Net
worth |
924.825 |
1,086.804 |
|
|
|
|
|
Long-term borrowings |
868.859 |
774.738 |
|
Short term borrowings |
842.767 |
850.805 |
|
Total
borrowings |
1,711.626 |
1,625.543 |
|
Debt/Equity
ratio |
1.851 |
1.496 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2782.520 |
3562.203 |
3639.989 |
|
|
|
28.021 |
2.184 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2782.520 |
3562.203 |
3639.989 |
|
Profit |
89.010 |
182.837 |
187.102 |
|
|
3.20% |
5.13% |
5.14% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10412042 |
26/11/2013 * |
200,000,000.00 |
BAJAJ FINANCE LIMITED |
MUMBAI PUNE ROAD, AKURDI, PUNE - 411035, MAHARASHTRA, INDIA |
B92713908 |
|
2 |
10165424 |
12/06/2013 * |
1,372,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, KRISHI BHAVAN, HUDSON CIRCLE, BANGALORE - 560004, KARNATAKA, INDIA |
B80399207 |
|
3 |
10156352 |
29/04/2009 |
1,000,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE BRANCH, RALLARAM BUILDING, NO. 30 MISSION ROAD, BANGALORE - 560027, KARNATAKA, INDIA |
A61945556 |
|
4 |
10128600 |
19/10/2008 |
150,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
A50302330 |
|
5 |
10128601 |
17/10/2008 |
150,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
A50302843 |
|
6 |
80003114 |
03/03/2012 * |
1,482,600,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE BRANCH, RALLARAM BUILDING, NO. 30 MISSION ROAD, BANGALORE - 560027, KARNATAKA, INDIA |
B36097152 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
0.547 |
0.547 |
|
Total |
0.547 |
0.547 |
GENERAL INFORMATION
ABOUT COMPANY
The Company was incorporated on 23rd December 1982.
The Company is in the business of manufacture of retainers, steering races, hubs , pinions, gear blanks, shaft , for Two and Four Wheeler Vehicles.
FIXED ASSETS
v
Tangible
Assets
Land
Buildings
Plant
and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
v
Intangible Assets
Computer
Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.